Tuesday, April 21, 2009

Forex Trading


I am unsure as to what this all means.

For the past 5 days I made 43 trades in the game account at OANDA. I started with 1000.oo and currently the balance is 1104.60

Every one of the 43 trades I made was profitable.

I use the 15 min chart to take the lead on. I have the 5 min and the one minute. to support the trade idea.

On the 15 min chart I have Bollingerbands, RSI Macd and Slow stocastics. On the 5 min chart I have just bollingerbands and on the one nothing.

If the RSI is moving up, as well as the slow stocatics and the MACD, then I favor long. Relationship to the BB is very important LONG under SHORT over is very key.

These are all scalps.... in and out.

Im a scalper..

I think what I need to do is do this for another 3 weeks. If it still looks good Im going to fund this account at the $500 dollar level.

Also, and more importantly I am going to meditate on my attitudes... as this game account has no pressure. I am going to try and add the pressure.

3 or 4 years, and I forget now, trading every day in stocks reading charts, learning signals and studies.. has seemed to pay off here. I dont think I ever went 4 straight profitable stock trades, much less 43 ...

As I said Im unsure as to what this means.

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59 Cedar Street

My great grandfather worked on Wall St retiring in 1926 as one of 3 partners in the investment banking firm Winslow, Lanier & Co., 59 Cedar Street. 

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hrgreen
Received Bachelor Degree in Economics from Middlebury College.
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